Comments by "DrScopeify" (@drscopeify) on "Fed Will ‘Pivot Big’ In 2024’s Economic ‘Tornado’ | Steve Hanke" video.

First few minutes in and what is he jabbering about? 5:00 minute area #1 The money supply is still 5 trillion above 2019 levels 15.5 trillion to 20.5 trillion today. #2 Money supply contraction is simply people moving money in to TREASURIES. Hello???? Anybody home? Come one.... really? What is this????? Rates were rising and banks were unable to adjust leading to flight of money out of banks this is why banks saw flight of deposits but it is not like the Great Depression as banks adjusted and now they offer CDs with similar rates while Treasuries are overall on the short end of the yield curve. In addition the FED REPO market may also be counted in M2 money supply which was strategically drained in to Treasuries by the FED.
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@supersleepygrumpybear Yes well money Velocity collapses when people move their cash in to Treasuries as it becomes locked up for the duration of the bond, 3 months, 1 year, whatever. That only proves that people moved money from bank accounts (Money Supply) in to Treasuries (Falling money supply)
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